Our civilization is locked in the grip of an ideology - CORPORATISM.
An ideology that denies and undermines the legitimacy of individuals as the citizen in a democracy.
The particular imbalance of this ideology leads to a
worship of self-interest and a denial of the public good.
The practical effects on the individual are passivity and conformism in the areas that matter, and non-conformism in the areas that don't.
John Ralston Saul

13 November, 2010

10 trillion HOT MONEY

"Around the world we have $10 trillion of hot money flowing around, more than the $9 trillion in hot money at the beginning of the global financial crisis," [Chinese Vice Finance Minister Zhu Guangyao] said

WE COULD SPEND THIS MONEY ON - afghanistan and iraq reconstruction and extremists-pacification- wind power- food for starving people

In the Philippines, the influx of short-term "hot money" in the first nine months of the year jumped 300% from a year earlier to $1.8 billion, according to the central bank. [2]

The US recovery is faltering, thanks to an inadequate stimulus. After the midterms, an adequate stimulus is off the table.

The Republican majority in the House of Representatives has taken a position against further stimulus spending as a matter of ideology, electoral politics, and, one would suspect, a cynical willingness to see the US economy go down in flames, as long as President Barack Obama's hopes for a second term go with it.

In today's world, the goals of a committed anarchist should be to defend some state institutions from the attack against them, while trying at the same time to pry them open to more meaningful public participation— and ultimately, to dismantle them in a much more free society, if the appropriate circumstances can be achieved.Noam Chomsky